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Lines of Insurance: Auto, Homeowners States licensed to sell insurance in: CO, IL, IN, IA, KS, MI, MN, MT, NE, NJ, NM, ND, OH, SD, TN, TX, WI, WY
Type of Insurance Company: Property and Casualty Name of Parent Company: National Farmers Union P&C Company Company Overview:
Company History: United Security Insurance Company was incorporated in Iowa in 1946 and in 2005 the state of incorporation was changed to Colorado and the company was acquired by the NFU Group which includes National Farmers Union Property and Casualty Company and is ultimately owned by an Australian insurance Group (QBE). United Security Insurance Company writes commercial property and casualty insurance with an emphasis on inland marine insurance and some commercial property coverages. The NFU Group also sells various personal and commercial lines of insurance that include auto, homeowner's, farmowner's, businessowners policies specialty insurance programs for restaurants and motels and insurance for rural telecommunications firms.
Principal Methods: United Security Insurance Company sells its products through independent agents located primarily in the Great Plains, Midwest and Rocky Mountains states.
Auto Business: The NFU Group sells auto insurance primarily in 10 midwestern states, largely using exclusive general agents.
Homeowners Business: The NFU Group sells homeowner's insurance primarily in 10 midwestern states, largely using exclusive general agents.
Company Rating: Best Insurance Reports: 12989 Best Rating: A- Company Financial Status: Assets & Premiums: The NFU Group had direct premums written of $177 million in 2005 and total admitted assets of $262 at the end of 2005. |